About your Search

20110701
20110731
STATION
MSNBC 17
KNTV (NBC) 2
WBAL (NBC) 2
WRC (NBC) 2
CNN 1
CNNW 1
MSNBCW 1
LANGUAGE
English 35
Search Results 0 to 34 of about 35 (some duplicates have been removed)
not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats say the fallback plan, this $2 trillion plus package that was partially negotiated in
leaders are digging in on the big sticking point of taxes ahead of tomorrow's white house summit. chuck todd is nbc's chief white house correspondent and host of "the daily rundown." chuck, we've heard a lot from republicans. today at the bloomberg breakfast it was said that any tax measures had to be revenue positive over the long run that could be ten years out. eventually have to contribute toward deficit reduction. that is not what republican senator john cornyn was saying exactly the opposite what he said on our show yesterday that it has to be revenue neutral. how does the president hope to bridge this devoid? >> reporter: well, you know, they have an interesting tactic here. they believe and frankly behind the scenes so do house republicans believe it will be easier to sell a larger deal that has some things in it that nobody's crazy about on certain sides. whether some trims to entitlements on the democratic side or some of these revenue proposals on the republican side that if it's a large deal, $2.5 trillion to $4 trillion and maybe even $6 trillion in the out years meaning th
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were pedalling a bid on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under control. but to do that, we have to have some shared sacrifice
, but this is a grave moment for the country. we need to do something very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were back pedaling a bit on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under
with the story. and helping out ordinary folks . they are going to be tied when it comes . to get out of the big hole we are in, he will go after waste and tax breaks and nothing is off of the table. it would be nice if we can and it is millionaires and billionaires and are for hedge fund managers and corporate jet owners and oil and gas companies pulling in huge profits without our help. we'll have to make deeper cuts somewhere else. republican senator dan coats . mitch daniels said the government should follow daniel's lead. he turned things aroundd by cutting taxes . paying down debts . get it focused on. >> the president and democrats in congress recognize that their game plan is not working. it is time to acknowledge that more government and higher taxes is not the answer to our problem. it is time for bold action and a new plan to address our current crisis. >> and since it is the 4th of july weekend. both touched on the american spirit. senator coats wanted to make sure that the country is in good enough shape . all sides need to harness their love for the country and that we are going to
says she manages the migraine with medication and is otherwise healthy. with all of that said, big news out of texas today, the gor rick perry who said he recently feels a calling to national politics has now gotten green light from key constituent, his wife. >> as my wife was talking to me and says get out of your comfort zone. yeah, being governor of texas is a great job. but sometimes you are called to step in to the fray. >> reporter: no word on a timetable yet. unclear whether perry will participate in the straw poll. his aides here tried to respect event facilities and were told they missed the deadline now they're pulling back resources. perhaps he won't participate the straw poll but there is a chance he could be on the debate stage a few days beforehand. >> bret: a lot of flirting here going on. thank you. we'll talk about it in the panel. the man charged with the 2009 fort hood shooting rampage major nidal hasan was arraigned today and faces 13 counts of premeditated murder and 32 counts of attempted premeditated murder. the prosecution is seeking the death penalty. we'll show
. >> the proposal would have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but
a lot to talk about. big news over the budget and deficit reduction. president obama is rejecting calls for a short-term hike. he made a rare appearance in the press room. he's challenging them to seize the moment and cut a deal. >> i don't think the american people here sent us here to avoid tough problems. it's, in fact, what drives them nuts about washington. when both parties simply take the path of least resistance. i don't want to do that here. i believe right now, we have a unique opportunity to do something big. to tackle our deficit in a way that forces our government to live within our means. still allows us to invest in that future. >> all right. sounds good. sounds hopeful, it does. maybe something will get done, like everyone is going to come in. less than an hour after the president's invitation, john boehner missed the discussions saying a deal won't pass in the house, if it includes tax increases. he said, i'm happy to discuss the issues at the white house, but the discussions are fruitless until the president recognizes economic and legislative reality. >> that doesn't
. how exciting. >> they match. >> they do match. >> the big news of the day, yesterday, of course, was moody's coming out and saying, listen, we don't expect this to happ happen. the chances are slight this is going to happen. just the chance it may happen, we are going to downgrade america's credit rating. >> we are going to put it on credit watch to downgrade it or we will downgrade it if it happens. first of all, the rating agencies were behind the curve during the whole financial crisis and they took a lot of heat for that. now they are trying to be more proactive. when you have a congress that refuses to address the issue, what do they do? it's not a shocker. it's another symbol of how dysfunctional things are in washington and what the stakes are and how dangerous it is. you know a few people across the globe. >> i like it when mika says it better. >> say international financeer. >> i would think these are trying times for banks across the world. look at ireland a second time. it's spread to italy. we have all heard -- greece, portugal. it's all across europe. it's coming to
wants 100%, then we can't get anything done. >> the president goes big, republicans go backwards. >> i have bent over backwards to work with the republicans. >> the one thing he won't accept is a short-term solution. >> boehnor's people and republicans on capitol hill say they are ready to eat the peas, but the peas can't have flavor of tax increases. >> speaker boehnor is caught between the tea party and catastrophe. >> he basically caved in on saturday night after pressure from eric cantor. >> he has the power in the house. >> what can you tell me about the relationship between speaker boehnor and eric cantor? >> senator dick durbin joins me. >> john boehnor is along for the ride. >> not all republicans believe the united states will default. >> i will be voting no on increasing the debt ceiling. >> these are ignorant people feeding lies to their constituents. >> dr. evil only asked for $1 million. >> tax pledges aren't the only problem for the republican candidates. >> did two republican hopefuls really sign a pledge suggesting a return to the days of slavery? >> the marriage vow. >
think speaker boehner has been very sincere about trying to do something big. i think he'd like to do something big. his politics within his caucus are very difficult. >> well, here's what he means. in a new poll, we see the complicated political caucus they are dealing with. the number of americans who are very concerned about default has ticked up seven points in the last two months. then it was just 35% believe not raising the limit and risking default was worse than raising it and potentially spurring more spending. now 42% see greater risk in a potential default, 47% are more concerned about lifting the limit but the gap has narrowed. that gets you talking about the education of the public in the last two months. look at the republican side. the folks who have been more engaged in this debate since the outset, the numbers have only hardened. 66% of republicans are more concerned with raising the debt limit compared to 60% in may. that number rises to 75% among republicans who identify with the tea party. so this is the issue. and speaker boehner has said he would only raise the d
. >> so, you think a grand bargain, the big deal the president is pursuing, $4 trillion in cuts over ten years, is it still possible or is it dead? >> we're going to try to get the biggest deal possible, the deal that's best for the economy, not justice in the short term, things that will help make sure americans get some tax relief they need right now, like extending the payroll tax cut, which is about $1,000 for the average family, but also things that will help make sure we have room to invest in our future and help bring those long-term deficits down over time. >> let me understand a couple bottom lines. does a tax increase, some kind of revenue increase, have to be part of this deal from the white house point of view? >> you have to have balance in the package for that to work. it's true economically and politically. republicans have told us from the beginning, they can't pass a debt limit increase, they can't pass a budget deal just with republican votes. they need democratic votes. it's going to take democrats and republicans in both houses to do something. that's the reason why p
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
the possibility of doing something bigger. >> look, here's where things stand. there are three different big deals out there. number one is what the president and speaker boehner and eric cantor are negotiating, which is, yes, a big deal that is separate from anything the gang of six in the senate is working on. and then of course there's mcconnell-reid. one thing that's going on in the last 24 to 48 hours, is any deal that's mcconnell-reid that includes this idea of sort of the disapproval vote, giving the president more power to raise the debt ceiling, that thing has grown to the point of almost being toxic with some house republicans. in fact, they hate it so much, they may prefer to negotiate with the president directly. but for the white house, getting the 217 means making a deal acceptable to at least some of those houses with 87 new members. the man who's made himself their standard bearer, majority leader eric cantor put it this way. >> one-third of the republican conference and one-quarter of the entire house of representatives are freshmen, they're new. many of them have never served in
to comment until you see some specifics. i think that the bottom line is in terms of an overall deal, the big holdup here is the fact that republicans have kept revenues off the table completely, even eric cantor yesterday, people said well, it's a great thing he says maybe he'll do a few of these egregious loopholes in the law, corporate jets and yachts and stuff like this, but even there, he had another loophole put in the law and none of the money that would be -- that comes from closing these loopholes would be used to reduce the deficit. so it's one step forward, two steps back. if republicans are willing to entertain serious revenues, there's a real chance for a big deal. if they're not, there's no chance for a big deal and i can tell you this. democrats are not going to go for something that says we have all these cuts that we'll put in the budget now and maybe we'll get revenues down the road, the ways and means committee or the finance committee will decide those down the road. leader reid issued a statement that i think sums up our view, that there has to be balance between cuts and
was a big month for american auto makers. cite her says -- chrysler says sales was up 30%. general motors and ford report 10% increases. toyota and honda were off more than 21%. home construction fell 2.1% in may. overall, construction spending was down .6 of a percentage point. it could be four years before the construction returns to healthier levels. manufacturerring activity was up a bit in june after the worth month in two years in may. stocks ended the week on a high note. dow gained 168.5. s&p 500 up 19. nasdaq finished up 2.5. >>> governors in two midwestern states find themselves under fire tonight. one for not getting a budget deal done and another for the budget dealhe did get done. correspondent mike tobin has that story from chicago. >> with protesters already outside his door, ohio republican governor john kasich dove deeper in controversy signing a budget that closes a $6- to $8 billion budget gap with deep and painful cuts. hardest hit are private nursing homes with a #% reduction in medicaid funding. the powerful ohio healthcare lobby responded with a dramatic add campaig
cuts. in a big deal, lawmakers may find them worthwhile. state republican leader mitch mcconnell says they all want a deal but they fear a big tax increase. >> bret: the director of the capital of economic advisors will join us in a moment. federal appeals court barred any enforcement on the ban on openly gay service members. the ninth circuit court of appeals in san francisco says the "don't ask, don't tell" policy must be lifted immediately. they repealed it in september but the pentagon is working on the transition. we learned today that the shooter in the fort hood massacre will face death penalty in his court-martial. army sigh control psychiatrist nidal hasan faces charges in the shooting spree at the texas army post. authorities are warning airlines that terrorists may try to con seem explosives within their bodies. we have more on the story we told you about tuesday, about a terror suspect being brought to the u.s. to face criminal charges. national correspondent catherine herridge has defails. >> reporter: this court in southern district of new york is where somali national t
we all know the country needs which is the big deal. $4 trillion of deficit reduction to get our debt going down to put america on a stronger fiscal foundation going forward. that's really what's required. i believe it's still achievable. but we've got to change a little bit about how we talk about these things on both sides. >> you said at this point you think the president is right to threat tn veto. what if it's august 1st at midnight and approaching august 2nd, the markets are clamoring, would you still say that a short-term extension and continued talks are not the best option? >> you're a very good reporter. you pick up on nuance, don't you? >> we try. >> i don't want to bargain against my position. so i think it's critically important that the president continue to push for what we all know the country really needs. it's incumbent on both sides, on both sides to come together and do what's right for america. >> chairman conrad thank you very much. good to see you. >> good to see you. >> the big question looming over all of this and the debt talks is what will happen if a deal i
they get a tax-exempt status? >>reporter: that is the big question is. any groups that a right, obviously, to form and criticize fox news. the question is, should that be a taxper, subsidized, tax-exempt deductibl activity. media matters is something called a 501 (c) 3 referring to the section of the code that covers it and deductions to media matters are people getting to take off their taxes as if they gave money to the red cross or salvation army. and media matters is increasingly political in recent years and the founder has formatted what is scale add super pac to raise large amounts of money to defeat republican candidates and there are reports that the white house is in the entirely happy with that because they felt he was more effective attacking fox news at media matters. the question is, should that be subsidized by the federal government. deep deep the deep pockets, obviously, george soros and tell us about his past for those that do not know. >>reporter: he is a billionaire, naturalized american citizen and has in the past been caught up in insider trading activity in jump, an
Search Results 0 to 34 of about 35 (some duplicates have been removed)